Silergy (6415) Q1 2026 earnings summary

Executive summary

• Revenue for 1Q26 was NT$4,860 million, down 9.9% sequentially but up 18.7% year-over-year.

• Net income reached NT$769 million, a 5.0% decrease from 4Q25 but a 114.4% increase year-over-year.

• Pro forma net income was NT$1.17 billion, up 5.7% sequentially and 41.4% year-over-year.

Financial highlights

• Gross margin (IFRS) was 48.2%, down 3.0 percentage points sequentially and 5.7 points year-over-year.

• Operating margin (IFRS) was 8.0%, down 6.2 points sequentially but up 2.0 points year-over-year.

• EPS was NT$1.98, down 4.8% sequentially but up 112.9% year-over-year.

• Cash and financial assets (current) stood at NT$16,425 million at quarter-end.

• Book value per share increased to NT$98.25.

Outlook and guidance

• Pro forma results exclude amortization, depreciation, inventory adjustments, and share-based compensation.

• Pro forma operating margin was 16.3%, down 3.4 points sequentially and 1.1 points year-over-year.